Warren Buffett's Berkshire Hathaway

Top manager exits Warren Buffett's Berkshire as new CEO Abel names team

Incoming Berkshire Hathaway CEO Greg Abel is assembling his team to help him lead the conglomerate Warren Buffett built starting in January after a couple of key departures. Berkshire said Monday that one of its two investment managers besides Buffett who has also served as CEO of Geico for several years, Todd Combs, and longtime Chief Financial Officer Mac Hamburg are both departing. Combs is taking a job helping JP Morgan decide how to invest USD 10 billion while serving as a special advisor to CEO Jamie Dimon while Hamburg is retiring after 40 years. Combs' departure is the most significant news in the announcement that also included creating the jobs of general counsel and a new manager of the many retail and consumer businesses Berkshire owns, But now the question is whether insurance Vice Chairman Ajit Jain, investment manager Ted Weschler and all the CEOs of Berkshire's myriad businesses will remain. There's still two elephants in the room: what's Ajit Jain going to do and wh

Warren Buffett's Berkshire Hathaway fully exits BYD after 17-yr investment

Warren Buffett's Berkshire Hathaway has sold its entire stake in Chinese EV maker BYD, ending a 17-year investment that grew more than 20 times in value

Staying disciplined as Warren Buffett is incredibly tough: Raamdeo Agrawal

Warren Buffet has realised that 'buy and hold till death' may not always be the best strategy while investing. We now see that he's more open to selling, when needed, Agrawal said.

CEOs hail Buffett as he ends historic run at helm of Berkshire Hathaway

The famed investor delivered a more than 5,500,000 per cent return on Berkshire's stock as he turned a once-failing textile firm into the most valuable company

Explained: Why Warren Buffett prefers balance sheets over income statements

Warren Buffett offered fresh insights into his investing philosophy, particularly his long-standing preference for studying balance sheets over income statements when evaluating a business

Who is Greg Abel, Warren Buffett's chosen heir at Berkshire Hathaway?

Greg Abel, a Canadian executive with deep roots in energy and a long tenure at Berkshire, is set to succeed Warren Buffett as CEO of the conglomerate in 2025

'US fiscal policy scares me': Buffett as he hands over Berkshire to Abel

Buffett said during the meeting he was concerned about the US deficit and thought the United States faced problems that need to be solved, including bureaucracy

Warren Buffett to step down following six-decade run atop Berkshire

Greg Abel, the vice chairman for non-insurance operations, will take charge of the conglomerate upon board approval, Buffett, 94, said Saturday at the company's annual shareholder meeting

How Warren Buffett's $25 bn Coca-Cola bet earns him $776 mn in dividends

Warren Buffett's Berkshire Hathaway is set to receive $776 million in dividends from Coca-Cola in 2024, thanks to a raised quarterly payout, marking a 30-year investment

Warren Buffett's Berkshire Hathaway tops $1 trillion in market value

The conglomerate's strength comes as optimism for the economy builds, with the Federal Reserve expected to cut interest rates at its September meeting

Warren Buffett's Berkshire halves stake in Apple, now has $270 bn cash pile

With the recent sell-offs, Warren Buffett-led Berkshire Hathaway has raised its cash position relative to total assets in the June quarter to 25 percent

Warren Buffett's Berkshire Hathaway trims its stake in China's BYD

Berkshire recently sold 1.3 million Hong Kong-listed BYD shares for HK$310.5 million ($39.8 million)

Warren Buffet's Berkshire Hathaway Q1 operating profit up 39% at $11.22 bn

The size of Berkshire's stake in Apple stake fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter

Buffett takes stage at Hathaway Berkshire meeting, cuts Apple stake

Buffett assured shareholders that 'unless something dramatic happens' that really changes Berkshire's capital allocation, it will have Apple as its largest investment

Berkshire Hathaway's march toward $1 trillion value stalls on results

The Omaha, Nebraska-based firm posted higher operating earnings, which briefly boosted a stock that's been been crawling toward the trillion-dollar club since it notched an all-time high last year

Master of one-liners: Here are some of Munger's lessons on politics, crypto

Munger was also "a generous philanthropist who provided unfiltered advice and refreshing opinions which positively impacted businesses worldwide," Sloan said

Warren Buffet donates Berkshire Hathaway shares to children's foundations

At Thanksgiving I have much to be thankful for, Warren Buffet said in a statement Tuesday, announcing that he had gifted 2.4 million Class B shares of Berkshire Hathaway stock to charitable foundations run by his children. The gifts to The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation total approximately USD 876 million and are in addition to the regular donations he makes each summer to those foundations and the Bill and Melinda Gates Foundation. This is the second year that Buffett has made additional gifts to the family foundations around Thanksgiving. "My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable," Buffett said in the statement, adding that after his death, his children would act as trustees of a charitable trust that would inherit 99 per cent of his wealth. The testamentary trust w

Dumping other banks, Warren Buffett recommits to Bank of America stocks

Investor Warren Buffett recommitted to his favourite bank stock, Bank of America, during the first quarter while dumping two other banks as part of a number of moves in Berkshire Hathaway's stock portfolio. Berkshire provided a quarterly update on its US holdings on Monday in a filing with the Securities and Exchange Commission. Many investors follow the company's moves closely because of Buffett's remarkably successful investing record over the decades. Berkshire slightly increased its 179.4 million share stake in Bank of America stock while eliminating long-time stakes in US Bancorp and the Bank of New York Mellon. Buffett has eliminated a number of bank investments in recent years, but he continues to back Bank of America. Berkshire also picked up nearly 10 million shares of Capital One stock. The quarterly filings don't identify which investments Buffett made and which ones were done by one of Berkshire's two other investment managers, but Buffett generally handles all of ...

Berkshire Hathaway seeks to buy as much as 50% of Occidental Petroleum

Berkshire has spent this year wagering more on Occidental after first making a bet on the Houston-based oil company three years ago

Did Buffett and Munger see the one wrinkle in BYD's stellar performance?

After years of sitting on an over 20 per cent stake in China's BYD Co, Warren Buffett's Berkshire Hathaway may be mulling an exit